Detroit Collapse: A Product Of Big Government Corruption

Detroit, once one of the nation’s most vibranty cities, faces imminent bankruptcy. That’s the headline from the report last month of Emergency Fiscal Manager Kevyn Orr, issued 45 days after he was appointed this spring by Gov. Rick Snyder to take over the city’s government. The path Detroit has followed for more than 40 years is unsustainable, Orr said, and only a complete restructuring of the city’s finances and operations will allow Detroit to regain its footing and return to a path of…

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